Approval for Corporate Office of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lexora Global Ltd's board meeting on April 4, 2026 approved several significant corporate actions. The company will split its shares on a 10:1 basis, converting each Rs. 10 face value share into 10 shares of Re. 1 each, with the goal of improving liquidity and making shares more affordable for small investors. The authorized capital will increase 4x from Rs. 10 crore to Rs. 40 crore. A rights issue of up to Rs. 50 crore is also planned. The corporate office is relocating from Mumbai to Rajkot, Gujarat. The company is also entering the agro/food products business and setting up a wholly-owned subsidiary in the UAE. An EGM has been called for May 2, 2026 to seek shareholder approvals.
The 10:1 stock split will increase the number of shares 10-fold while reducing per-share price, making the stock more accessible to retail investors and improving liquidity. The proposed Rs. 50 crore rights issue will be dilutive to existing shareholders and the significant increase in borrowing powers (up to Rs. 500 crore) adds financial risk.